Pakistan’s leading Food delivery platform, Foodpanda has signed a memorandum of understanding with the Bank of Punjab to improve access to financing for local chefs working on the Food Panda’s platform. The financial Inclusion initiative will be initiated under Prime Minister Kamyab Javan’s Youth Entrepreneurship program.
This collaboration is expected to serve as a catalyst in meeting the financial needs of potential segments of society to help them grow sustainably. The aim of the partnership is to improve the SME sector and provide financial support to these home-based vendors in the challenging times COVID19.
The MoU signing ceremony was held at Foodpaanda’s headquarters in Lahore in the presence of senior management from both organizations. The MOU was signed on behalf of the Bank of Punjab by Mr. Asif Riaz and Noman Sikander on behalf of Foodpanda.
At the signing ceremony, Noman Sikandar, CEO of Foodpanda, said:
Asif Riaz, Director of Retail Banking at BoP said on the occasion:
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